This study's purpose is to analyze the impact of world oil prices, world gold prices, inflation, and USD/IDR exchange rates on the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange (IDX). Secondary data was obtained from the London Financial Market Association (LBMA), Bank Indonesia, and investing.com. The variables used in this study are world oil prices, world gold prices, USD/IDR exchange rates, and inflation as independent variables—also, the Composite Stock Price Index (CSPI) as the dependent variable. This study was conducted using secondary data per month in 2015-2019, non-participant observation with a saturated sampling method of 60 months. The analysis used in this research is Least Square and Autoregressive Moving Average (LS&ARMA) regression analysis. Simultaneous research results show that world oil prices, gold prices, USD/IDR exchange rates, and inflation significantly affect the Composite Stock Price Index (JCI). The study results partially show that world gold prices and inflation have an important adverse effect on the JCI, while world oil prices significantly positively impact the JCI. It is different from the USD/IDR exchange rate, which does not influence the JCI. The practical conclusion of this research is to afford information to investors that world gold prices, world oil prices, and inflation should be considered in making investment decisions in the capital market.
This study aims to compare the best bankruptcy prediction models between Altman, Springate, Zmijewski and Grover models against companies listed on the Indonesian stock exchange in the telecommunications sub-sector for the 2014-2019 period. The purposive sampling method is used to obtain a sample of companies with the following criteria: Companies listed on the Indonesian stock exchange, the telecommunications sub-sector, the company has conducted an IPO in 2010, the company is obedient in reporting annual reports from 2014 - 2019 and the company is free from delisting issues. There are 4 companies that meet the purposive sampling criteria, namely PT. Telkom TBK, PT. Indosat TBK. PT. XL Axiata TBK and PT. Smartfren TBK. The data used in this research is secondary panel data. The results showed that only PT. Telkom which is in a healthy financial condition. Meanwhile, PT. Indosat, PT. XL Axiata and PT. Smartfren is consistently in an unhealthy condition based on the analysis of the Altman and Springate models. The calculation of Zmijewski's model and Grover's model gave inconsistent results. Comparative testing of the four bankruptcy analysis models resulted in the Altman, Springate and Grover models recording accurate results but Altman modelling is the best because it is an accurate, consistent, and tested model both descriptively and statistically.
The reason for this study is to analyze the effect of funding decisions, profitability and liquidity on firm value in LQ45 manufacturing issuers. Annual data reports of the company from 2014 to 2019 are the data for this study. Sampling of companies using purposive sampling method. From the predetermined criteria, only 8 companies can meet the criteria as research samples. The analytical strategy used in this study is panel data regression analysis and uses the Common Effects model with R2 value of 93.87%. Output of this study to show that fund decision, profitability and liquidity are affecting towards firm value and profitability is the most affecting variable on company value.
This study aims to analyze the effect of intellectual capital, managerial ownership, company size and company financial performance on firm value. This research was conducted at building construction industry sub-sector companies listed on the Indonesia Stock Exchange for the observation period from 2017 – 2021. A total sample of 9 companies was obtained using a purposive sampling technique. This study used panel data regression analysis with STATA 17 software. The results showed that intellectual capital had a positive and significant effect on the company's financial performance, while managerial ownership and company size had a negative and significant effect. Intellectual capital has a positive and insignificant effect on firm value, while managerial ownership and firm size have a negative and significant effect. The company's financial performance has a positive and significant effect on firm value, and is able to mediate the influence of intellectual capital on firm value. However, the company's financial performance is not able to mediate the effect of managerial ownership and company size on firm value. This research will have an impact on increasing understanding and consideration for investors when making decisions to invest in the Indonesian Stock Exchange.
This study aims to analyses the influence of election political events, inflation and the exchange rate on credit growth of Commercial Banks with Loan to Deposit Ratio (LDR) as a moderating variable. The research data is secondary data, quantitative, panel data obtained from observations for five years, from May 2014 to June 2019. The study population is all Commercial Banks listed on the Indonesia Stock Exchange and has never been delisted from May 2014 to June 2019 totaled 31 Conventional Commercial Banks, the research sample was 23 banks using the purposive sampling method. Data analysis using panel data regression Least Square Dummy Variable with 1426 observations. The results of the study found that there was a positive and non-significant effect of election political events on credit growth, a positive and significant effect of inflation on credit growth, and a negative and nonsignificant effect of the rupiah exchange rate on credit growth. Simultaneous testing, there is a significant influence of the three independent variables on the loan growth dependent variable, while testing by including the LDR moderating variable, there is a positive and non-significant effect of the LDR on the influence of the independent variables on the dependent variable.
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